With growth in 2015, Progressive® Insurance becomes #1 U.S. Commercial Auto Insurer
Insurance Weekly News
By a News Reporter-Staff News Editor at Insurance Weekly News -- Progressive topped the 2015 list of U.S. commercial auto insurers, according to data from SNL Financial, making it the #1 commercial auto Insurer in the United States.
Each year, SNL Financial releases the Commercial Auto Competitor Report, ranking the country's top 50 commercial auto insurers by U.S. written premium. In just five years, Progressive went from the #4 writer of commercial to achieving the #1 spot because of continued growth in all of their business market segments, especially their "for-hire" segments, which include long-haul and specialty trucking risks.
"While earning the #1 ranking was never our goal, this milestone is a collective achievement that we attribute to the hard work and dedication of our Progressive employees and independent agents," said, Progressive's Commercial Lines President John Barbagallo. "We look forward to continued growth by doing what got us here - taking the time to fully understand our customers' needs and providing them with the right coverage, at the right price, with service they can depend on. That includes looking at how to best service our current book of business as well as expanding to new and evolving commercial auto markets."
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